Budget Reset 2019: Things to Know

Over the past year, Council has talked about the need to have a “Budget Reset” in 2019.

There is a desire in our community to see money spent more efficiently. The community also has priority areas which need greater resources. The proposed budget accomplishes both these goals.

Guest UserNovember 18, 2018budgetComment

Budget 2019: Downtown Rehabilitation

Budget deliberations are this week. Council will be debating whether or not to proceed with the next phase of the Downtown Rehabilitation….

Phase 4 centers on 100 Ave and 100 St. Council will be presented an option to do just 2 blocks of 100 Ave (from 100 St to Resources Road which is from CIBC to Co-op) or to do that plus two blocks of 100 St (from 99 Ave to 101 Ave which is from Wendy’s to Titos).

Aquatera would likely fund a portion of this cost, but at this time most of it would likely need to be financed through borrowing.

Guest UserNovember 12, 2018downtownComment

Budget 2019: Debt Strategies

Next week Council will be voting on a proposed financial strategy. It has to do with how we manage debt….

There are two schools of thought when it comes to managing municipal debt…

Guest UserNovember 10, 2018debtComment

Budget 2019: Revenue and Cashflow

Often the central conversations about municipal budgets revolve around residential property rates. I’d suggest that we should have a much larger conversation about the budget.

In 2018, residential properties only accounted for a little over 50% of the total tax levies in Grande Prairie. They funded about 25% of the total capital and operating budgets. While it is very important for Council to be aware of residential tax rates, there are many other sources of revenue and factors which effect cash flow. All of these need to be considered when creating the budget.

Guest UserOctober 27, 2018budget, franchise fee, debt, fees, revenue, taxesComment

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